The Management Control & Reporting MSc prepares our students for a new position that has become essential.
At a time when businesses have to make decisions faster and faster they must communicate in a more systematic and transparent way, the management controller is a strategic role. Our new programme is oriented towards CSR and the teaching is shared equally between academics and professionals from the industry.
MANAGE THE KEY DRIVERS OF BUSINESS PERFORMANCE
Performance is no longer measured by financial indicators alone. In today’s world, we also consider global performance, triple bottom-line or 3P performance (People, Planet, Profit) and so financial assessment tools are not appropriate on their own any more.
Traditional kind of management control must be complemented by new features such as activity-based costing, activity-based management, target costing, strategic management of costs and balanced scorecard, which are all part of the MSc Control & Reporting programme here at KEDGE.
CSR departments in large corporations are typically led by management control teams due to their transversal knowledge of company operations and their ability to produce strategic data. In an environment where change is a necessity, the role of the management controller is essential. They are the architect of a system for assessing and managing performance in order to produce meaningful and reliable indicators for implementing strategies.
Why choose this programme?
THE TECHNICAL AND DECISION-MAKING EXPERTISE
The controller is the interface between general management and operational departments. The courses focus on the acquisition of technical and decision-making expertise based on best practice.
SYLLABUS CREATED JOINTLY WITH DFCG
- The KEDGE management control MSc is designed and produced in partnership with the Association of Finance and Management Control Directors (DFCG).
- The DFCG ensures best business practices.
- The DFCG offers internships and employment positions, and involves students in their events.
ACADEMIC AND PROFESSIONAL TEACHING
- The content has a balance between methodological and practical knowledge, combining academic lessons and field-based studies.
- Teaching is shared between academics and professionals from industry.
Lessons are systematically connected to CSR issues.
Full time English lessons.
UNDERSTANDING, LEARNING AND SETTING OUT THE STRATEGY OF A COMPANY IN ACTION PLANS
- Ability to communicate global targets of the company and local aims for the various departments.
- Communicating the strategy using tools, such as budgets or dashboards.
COORDINATING A BUDGETARY PROCESS IN A COMPLEX ORGANISATION
- Communicating the budget to operational departments
- Checking that targets have been met and identifying corrective actions if they have not been met
- Coordinating budget communication between general management and operational departments.
IMPLEMENTING AN INTERNAL REPORTING SYSTEM
Produce reports combining financial and non-financial perspectives.
UNDERSTAND AND MASTER NEW STRATEGIC ISSUES OF COMPANIES THROUGH THE COST MANAGEMENT
Optimisation of costs/value ratio for smart cost reduction.
PARTICIPATE IN THE DEVELOPMENT OF AN AGILE ORGANISATION
Enable the company to become more agile, and become more responsive to the market and regulations:
- being responsive in its production of strategic information aimed at general management and operational staff with a view to improve their decision-making.
- understanding organisational issues through process and change management.
UNDERSTANDING AND MASTERING THE PURPOSE OF THE MANAGEMENT CONTROLLER
- Producing information to take decision.
- Being a source of recommendations to guide and manage performance.
BECOMING EXPERT IN ERPS AS A TOOL FOR DECISION-MAKING
- Producing, processing and analysing information
- Applying the corrective actions involving local system and common objectives of the company.